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Two stocks that Sacchitanand Uttekar of Tradebulls Securities is bullish on

Nifty outlook and top trading ideas by Sacchitanand Uttekar, DVP - Technical (Equity)

Image: Shuttershock
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Image: Shuttershock

Sacchitanand Uttekar Mumbai
NIFTY 

Profit booking and stock rotation within the key sectors ahead of Futures and Optiond (F&O) contract expiry added some pressure to the index as it slipped below its key swing support zone near 11,460. On the daily scale, the index almost filled the gap area which it left on its way up while galloping towards 11,694. The gap area around 11,400-11,380 is expected to act as a support for the coming session.

Options data also indicates sizeable PE OI concentrations at 11,500 and 11,400 strikes while on the upside 11,600 built up looks difficult to negotiate which could